Price trend
| Sodium Molybdate |
Recently, the domestic PA6 market has been stable and weak, with each spot price decreasing in a narrow range. According to data monitoring by Business News Agency, as of March 24th, the average factory price of PA6 in China was 13875 yuan/ton, a decrease of – 1.83% compared to the average price level at the beginning of the month.
Cause analysis
In terms of raw materials:
It can be seen from the above figure that the market price of caprolactam stabilized after falling this week. The price of raw material pure benzene rebounded, and cost support turned stronger. In addition, the load of the caprolactam industry has decreased, and the market supply pressure has eased. Downstream, procurement is just needed, and cautious operation is the key. It is expected that caprolactam will slowly recover in the short term, but the current support for PA6 is moderate.
On the supply side:
| Benzalkonium chloride |
This week, the overall load of domestic PA6 production enterprises was above 72%, with an overall narrow increase. The market supply is stable, the inventory position is on the high side, the supplier’s support for spot goods is general, and the factory price is loose in a narrow range.
Demand: On the downstream side, the overall load of the weaving and spinning industries has increased in a narrow range, but the consumption of raw materials is poor, the demand for replenishment is weak, and on-site trading is weak. The overall demand for PA6 chips is moderate.
Aftermarket Forecast
This week, the PA6 market stabilized after falling. The load of domestic polymerization plants has steadily increased, and the supply has maintained an adequate level. On the demand side, there has been a narrow increase compared to last week, but it is still biased towards just demand. Caprolactam is running in a compact manner, and PA6 cost side support is average. The market’s wait-and-see sentiment remains unchanged, but the cost side and downstream demand support are gradually emerging, and it is expected that the PA6 market may turn warmer in the short term.
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